Item
2.02.
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Results
of Operations and Financial
Condition
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Kirby Corporation - Recent Material EventOn
October 28, 2009 Kirby Corporation (“Kirby”) issued a press release announcing
net earnings attributable to Kirby for the three months and nine months ended
September 30, 2009. A copy of the press release is attached as
Exhibit 99.1 to this report.
EBITDA, a
non-GAAP financial measure, is used in the press release. Kirby
defines EBITDA as net earnings attributable to Kirby before interest expense,
taxes on income, depreciation and amortization. Kirby has
historically evaluated its operating performance using numerous measures, one of
which is EBITDA. EBITDA is presented because of its wide acceptance
as a financial indicator. EBITDA is one of the performance measures
used in Kirby’s incentive bonus plan. EBITDA is also used by rating
agencies in determining Kirby’s credit rating and by analysts publishing
research reports on Kirby, as well as by investors and investment bankers
generally in valuing companies. A quantitative reconciliation of
EBITDA to GAAP net earnings attributable to Kirby for the 2009 and 2008 third
quarters and first nine months is included in the press release.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
Dated: October
29, 2009 EXHIBIT
INDEX
Exhibit 99.1 Press release dated October
28, 2009
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